Bajaj Auto November 2024 Sales Report: 5% YoY Growth by Strong Export Performance

Bajaj's sales report for November 2024 shows a 5% YoY growth with strong export performance, particularly in the 2-wheeler segment, despite declines in domestic demand. The company saw significant growth in both 2-wheeler and commercial vehicle segments.

By Himanshu Joshi

22.46k

Dec 02, 2024 09:49 am IST

Bajaj Auto Sales Report – November 2024

November 2024 has been a positive sales performer month for Bajaj Auto. During the month, the company encountered a 5% year-on-year (YoY) growth, reaching a total of 421,640 units in combined two-wheeler (2W) and commercial vehicle (CV) sales. While domestic demand for both 2W and CVs showed a decline compared to the previous year, strong export performance, particularly in the two-wheeler segment has helped boost overall sales figures.

Key Sales Highlights for November 2024

Total Sales: 421,640 units (5% YoY growth)
2W Segment: Total sales grew by 5% YoY to 368,076 units
CV Segment: Total sales decreased by 1% YoY to 53,564 units.
Domestic Sales: 240,854 units (7% YoY decline)
Exports: 180,786 units (24% YoY growth)

Two-Wheeler (2W) Sales Performance

Bajaj Auto’s two-wheeler segment saw mixed results in November 2024. The company faced a decline in domestic sales but achieved strong growth in exports.

Segment	Nov 2024 Sales (in units)	Nov 2023 Sales (in units)	YoY Growth
Domestic Sales	203,611	218,597	-7%
Exports	164,465	130,451	+26%
Total 2W Sales	368,076	349,048	+5%

The Bajaj Pulsar N125, a recently launched bike, received a positive market response, helping to drive some of this growth in exports.

Commercial Vehicle (CV) Sales Performance

The commercial vehicle segment saw a decline in domestic demand but experienced a rise in exports.

Commercial Vehicle Sales:

Segment	Nov 2024 Sales (in units)	Nov 2023 Sales (in units)	YoY Growth
Domestic Sales	37,243	39,147	-5%
Exports	16,321	14,808	+10%
Total CV Sales	53,564	53,955	-1%

YTD Sales: April-November 2024

Bajaj Auto’s performance during the first eight months of FY25 showed strong growth across both the two-wheeler and commercial vehicle segments.

Two-Wheeler Sales:

Segment	YTD FY25 Sales (in units)	YTD FY24 Sales (in units)	YoY Growth
Domestic Sales	1,678,818	1,545,334	+9%
Exports	1,087,755	982,771	+11%
Total 2W Sales	2,766,573	2,528,105	+9%

The YTD total for two-wheeler sales reached 2,766,573 units, marking a 9% YoY increase, driven by the growth in both domestic and export markets.

Commercial Vehicle Sales:

Segment	YTD FY25 Sales (in units)	YTD FY24 Sales (in units)	YoY Growth
Domestic Sales	333,199	321,140	+4%
Exports	125,135	106,306	+18%
Total CV Sales	458,334	427,446	+7%

Total Sales: Domestic + Exports (2W + CV)

Total Sales	YTD FY25 Sales (in units)	YTD FY24 Sales (in units)	YoY Growth
Domestic Sales	2,012,017	1,862,474	+8%
Exports	1,212,890	1,053,077	+11%
Total Sales	3,224,907	2,955,551	+9%

Conclusion

Bajaj Auto’s November 2024 sales report highlights a strong performance overall, despite some declines in domestic sales. The company’s export growth, particularly in the two-wheeler segment, helped offset the slowdown in domestic demand. With significant improvements in both the two-wheeler and commercial vehicle sectors over the YTD period, Bajaj Auto is well-positioned for sustained growth in both domestic and international markets. The company’s ability to respond to market dynamics, with products like the Pulsar N125, is expected to contribute to a strong finish for the year.